The US education bubble is coming to a head eventually.

I know everyone immediately thinks of the stereotypical mobile home they see in their head, but i've seen a lot of good come out of them.

After reading some books, listening to a dozen podcasts (and counting), and talking with the BP community I have finally brought myself to take the next step in my education--attending a REIA.

Im making an hour 10mi...

greetings everyone, i'm new here and needing some advice. so im thinking about buying another house. the plan i have in my head is to buy a fixer upper with cash (to try to get lowest possible purchase price) and to get a heloc from it to use on repairs. the plan is to move into it once renovated and rent out my current home. as far as repairs im only interested in fixing up big ticket things.. stuff like fixtures, paint, drywall and tile work i can do on my own and figured i can do on my own time to finish the house since i'll be living in it. and if things go according to plan..i'll rent/sell that  house and do it again once its complete ..has anybody done something similar to this?

Anything off the top of your head you could share?

I feel your head ache already.  

In my head, for a first flip anyways, it would be preferable to have them for peace of mind.

@Robert Wodogaza I completely agree, I find myself doing the same head scratching that I did in 2005-2006 where I say, wait, they paid how much for that property?

I'm not an attorney but my off the top of my head guess at your liability is 1/2 months rent and most of the electricity bill, plus court filing fees, and if your lease allows for legal fees to you in a case the judge will automatically rule that you pay their attorney with no cap on fees, that could be more than the furnace cost, so if you can satisfy them with paying their full electric bill and possibly a further small discount do it.  

Department of Commerce numbers to see if I can make heads or tails out of where I should be.